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@canuck_in_uk So, it's enough to demonstrate LICO for 4 people when we submit our application, and after the baby is born, from Nov 19 till the application is processed, we have to demonstrate LICO for 5 people. Am I right?

And is it possible to add her spouse as a cosigner at this stage after the invite? She might fall below LICO if her spouse is not added as a cosigner after the baby is born. Would IRCC consider this and allow us to add cosigner?

Yes.

Yes.
 
@canuck_in_uk Thank you for confirming. Can you please let me know at what point the spouse can be added as a cosigner? Meaning does it need to be done now at this stage or after the baby is born?
I am not canuck_in_uk, but if you will add your spouse as cosigner anyway, why not put in the cosigner information now?
 
Thanks @YVR123 and @canuck_in_uk.
One last question though. Should we need to attach an LOE mentioning the anticipation of baby, so we would like to add her spouse as a cosigner to meet LICO for subsequent years?